Bank Moratorium Period
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Government Issues Guidelines On Loan Relief, To Implement Scheme By November 5
The government on Saturday gave lenders time until November 5 to waive interest payments on a loan relief scheme aimed at helping borrowers during the coronavirus pandemic, in a move that could give relief to millions of people. In guidelines on the loan relief released on Wednesday, the Department of Financial Services said lending institutions wi...
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On Loan Moratorium And Interest Payments, Centre's October 1 Deadline
The Centre has to take a call by October 1 on how much time it will give to borrowers who have not been able to repay loans due to the coronavirus pandemic. It also has to decide whether they have to pay interest for this period, the Supreme Court said today. The government got a week's time from the Supreme Court today, by the end of which it has ...
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Supreme Court Gives Centre 1 More Week To Submit Loan Moratorium Plan
The Supreme Court today allowed the government one more week to come up with a plan on loan moratorium to ease the financial burden on borrowers during the coronavirus crisis. The top court, which had asked the government to submit its plan on September 28, deferred the hearing till October 5 after the government sought more time. The government, h...
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Loans Under Moratorium Till August 31 Not To Be Declared NPAs: Supreme Court
Loan accounts of borrowers availing the moratorium will not be declared as non-performing assets - or bad loans - till further order, the Supreme Court said on Thursday. The top court was hearing a batch of petitions seeking a waiver of interest on deferred EMIs during the moratorium period, which was introduced by the Reserve Bank of India (RBI) t...
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Banks Free To Restructure Loans, But Can't Penalise Borrowers, Supreme Court Told
Banks are free to restructure loans, but they cannot penalise honest borrowers by charging interest on deferred EMIs under the moratorium scheme, a petitioner said in the Supreme Court on Wednesday. The top court was hearing a batch of petitions seeking a waiver of interest on deferred EMIs during the moratorium period, which was introduced by the ...
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Loan Moratorium Can Be Extended For 2 Years: Centre To Supreme Court
The central government on Tuesday informed Supreme Court that loan moratorium period can be extended by two years as per the RBI's circular.
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Coronavirus Crisis: Top Court Asks RBI, Centre To Discuss Interest On Deferred Loan Repayments
Top court said the question is not of waiver of complete interest for entire moratorium period but it is limited only to interest charged on interest.
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Supreme Court Seeks Finance Ministry's Reply On Waiver Of Interest During Moratorium Period
The Supreme Court today sought the Finance Ministry's reply on waiver of interest on loans during the moratorium period after the RBI said it would not be prudent to go for a "forced waiver of interest" risking financial viability of the banks.
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Coronavirus: RBI Extends Moratorium On Auto Loans By 3 More Months
Measures will now be applicable for a total period of six months from March 1, 2020 to August 31, 2020.
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More Relief For Borrowers As RBI Extends Moratorium On Loans Till August
EMIs will be extended with interest applicable on outstanding principal amount during the no payment period
-
Borrowers Unlikely To Get Loan Moratorium Benefit As Banks Will Charge Interest Later
The three-month suspension of EMI payments may not result in a significant gains for borrowers as they will charge interest for the moratorium period, according to the moratorium scheme announced by state-owned banks
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After PSU Lenders, ICICI Bank Too Allows Customers To Defer EMIs By 3 Months
Private lender ICICI Bank on Wednesday, in an official statement, allowed its customers to delay payments of active loan EMIs, for a period of three months
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RBI Eases Loan Repayment Rules. How It Helps You
The Reserve Bank of India (RBI) on Friday permitted commercial banks and other financial lenders to allow borrowers to delay their loan repayments by a period of three months. The move by the regulator complemented the government's announcement of a Rs 1.7 lakh-crore fiscal package the previous day to help the poor survive the 21-day countrywide lo...
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Yes Bank Reports Rs 18,564 Crore Loss For December Quarter
Yes Bank, which was put under moratorium by the government last week, had reported a net profit of Rs 1,000 crore in the year-ago period and a loss of Rs 629 crore in the preceding September quarter.
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Customers Withdrew Rs 18,110 Crore Deposits From Yes Bank During March-September 2019
Deposits at Yes Bank witnessed a steady decline during the March-September period last year as customers withdrew over Rs 18,100 crore, in a reflection of falling confidence in the bank. Yes Bank, which has been put under a moratorium by the Reserve Bank till April 3, during which customers are not allowed to withdraw more than Rs 50,000, had depos...
-
Government Issues Guidelines On Loan Relief, To Implement Scheme By November 5
The government on Saturday gave lenders time until November 5 to waive interest payments on a loan relief scheme aimed at helping borrowers during the coronavirus pandemic, in a move that could give relief to millions of people. In guidelines on the loan relief released on Wednesday, the Department of Financial Services said lending institutions wi...
-
On Loan Moratorium And Interest Payments, Centre's October 1 Deadline
The Centre has to take a call by October 1 on how much time it will give to borrowers who have not been able to repay loans due to the coronavirus pandemic. It also has to decide whether they have to pay interest for this period, the Supreme Court said today. The government got a week's time from the Supreme Court today, by the end of which it has ...
-
Supreme Court Gives Centre 1 More Week To Submit Loan Moratorium Plan
The Supreme Court today allowed the government one more week to come up with a plan on loan moratorium to ease the financial burden on borrowers during the coronavirus crisis. The top court, which had asked the government to submit its plan on September 28, deferred the hearing till October 5 after the government sought more time. The government, h...
-
Loans Under Moratorium Till August 31 Not To Be Declared NPAs: Supreme Court
Loan accounts of borrowers availing the moratorium will not be declared as non-performing assets - or bad loans - till further order, the Supreme Court said on Thursday. The top court was hearing a batch of petitions seeking a waiver of interest on deferred EMIs during the moratorium period, which was introduced by the Reserve Bank of India (RBI) t...
-
Banks Free To Restructure Loans, But Can't Penalise Borrowers, Supreme Court Told
Banks are free to restructure loans, but they cannot penalise honest borrowers by charging interest on deferred EMIs under the moratorium scheme, a petitioner said in the Supreme Court on Wednesday. The top court was hearing a batch of petitions seeking a waiver of interest on deferred EMIs during the moratorium period, which was introduced by the ...
-
Loan Moratorium Can Be Extended For 2 Years: Centre To Supreme Court
The central government on Tuesday informed Supreme Court that loan moratorium period can be extended by two years as per the RBI's circular.
-
Coronavirus Crisis: Top Court Asks RBI, Centre To Discuss Interest On Deferred Loan Repayments
Top court said the question is not of waiver of complete interest for entire moratorium period but it is limited only to interest charged on interest.
-
Supreme Court Seeks Finance Ministry's Reply On Waiver Of Interest During Moratorium Period
The Supreme Court today sought the Finance Ministry's reply on waiver of interest on loans during the moratorium period after the RBI said it would not be prudent to go for a "forced waiver of interest" risking financial viability of the banks.
-
Coronavirus: RBI Extends Moratorium On Auto Loans By 3 More Months
Measures will now be applicable for a total period of six months from March 1, 2020 to August 31, 2020.
-
More Relief For Borrowers As RBI Extends Moratorium On Loans Till August
EMIs will be extended with interest applicable on outstanding principal amount during the no payment period
-
Borrowers Unlikely To Get Loan Moratorium Benefit As Banks Will Charge Interest Later
The three-month suspension of EMI payments may not result in a significant gains for borrowers as they will charge interest for the moratorium period, according to the moratorium scheme announced by state-owned banks
-
After PSU Lenders, ICICI Bank Too Allows Customers To Defer EMIs By 3 Months
Private lender ICICI Bank on Wednesday, in an official statement, allowed its customers to delay payments of active loan EMIs, for a period of three months
-
RBI Eases Loan Repayment Rules. How It Helps You
The Reserve Bank of India (RBI) on Friday permitted commercial banks and other financial lenders to allow borrowers to delay their loan repayments by a period of three months. The move by the regulator complemented the government's announcement of a Rs 1.7 lakh-crore fiscal package the previous day to help the poor survive the 21-day countrywide lo...
-
Yes Bank Reports Rs 18,564 Crore Loss For December Quarter
Yes Bank, which was put under moratorium by the government last week, had reported a net profit of Rs 1,000 crore in the year-ago period and a loss of Rs 629 crore in the preceding September quarter.
-
Customers Withdrew Rs 18,110 Crore Deposits From Yes Bank During March-September 2019
Deposits at Yes Bank witnessed a steady decline during the March-September period last year as customers withdrew over Rs 18,100 crore, in a reflection of falling confidence in the bank. Yes Bank, which has been put under a moratorium by the Reserve Bank till April 3, during which customers are not allowed to withdraw more than Rs 50,000, had depos...
